NEW YORK–The defense put on its first witness today in the trial of two former Marsh executives accused of defrauding insurance clients through their alleged steering of insurance contracts in return for kickbacks.
New York Supreme Court Judge James A. Yates, who is presiding over the nonjury proceeding, heard from the defense's first witness in the trial of William Gilman, former executive marketing director and managing director at Marsh, and Edward McNenney, former global placement excess casualty director and managing director at Marsh.
Testifying as an expert witness, Jeffrey G. McKinley, president of Risk Management Strategies of Stinson Beach, Calif., described challenges brokers face in the procurement of excess casualty insurance compared to the more common personal lines market.
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